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BRAZIL – July 7, 2020: The AutoNation logo is seen on a smartphone in this photo illustration. [+] (Image courtesy of Rafael Henrique/SOPA Images/LightRocket/Getty Images)
Getty Images/SOPA Images/LightRocket
Aut0nation (NYSE: AN), an automotive store that sells new and used cars, has dropped about 9% in the previous twenty-one trading days (one month) and is now selling at around $92. It’s worth noting that the broader S&P500 only grew by a smidgeon during the same time span. Is the price of AN stock about to drop much more? We feel the company is still undervalued on a fundamental level, and the stock has space to grow in the future. Based on our machine learning research of stock price trends over the last ten years, there is a 69 percent chance that Autonation’s stock will gain in the next month (twenty-one trading days). For additional information, see our AN Stock Chances of Rise study.
Possibility of Increase
Trefis
‘Event Probability’ and ‘Chance of Rise’ were calculated using data from the previous ten years.
[1] 667 times out of 2517, the stock returned -2.4 percent or more in a five-day period; 338 of these 667 times, the stock climbed in the next five days.
[2] 409 times out of 2517, there was a -4.6 percent or more return during a ten-day period; in 216 of these 409 cases, the stock increased in the next ten days.
[3] 254 times out of 2515, the stock returned -8.9% or more during the next 21 days; in 174 of these 254 cases, the stock climbed in the next 21 days.
Retail revenues are being eroded by e-commerce, yet this could be an investment opportunity. A wide range of companies that stand to benefit from the huge change may be found in our E-commerce Stocks topic.
ADDITIONAL INFORMATION FOR YOU
Here you may find all of Trefis’ Featured Analyses and Trefis Data.
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